Published: Published Date – 04:39 PM, Tue – 12 April 22
Hyderabad: The Hyderabad residential property market is seeing an uptick with the 4 districts witnessing a complete of 18,461 registrations of properties within the first quarter of 2022.
The city which broadly constitutes 4 districts specifically Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy noticed properties value Rs 8,680 crore being transacted within the first quarter i.e between January and March 2022.
In March alone, the residential property registrations in Hyderabad stood at 5,707 models indicating a 5 per cent improve from February 2022. Properties value Rs 2,583 crore have been transacted in March, a Knight Frank India report mentioned.
Quoting knowledge from Telangana Registration and Stamps Department, the report additionally talked about that just about 75 per cent of residential properties have been bought underneath the Rs 50 lakh ticket measurement class. In phrases of share of gross sales in unit sizes, it mentioned over 1,000 sqft maintained its share at approximate 81 per cent of all dwelling gross sales registrations in March 2022. Of these, properties within the measurement of 1,000 – 2,000 sq. ft. encompass 73 per cent of all gross sales registered throughout the interval.
“The trend of homebuyers looking to upgrade and move into larger living quarters that was sparked by the pandemic, continued to hold strong in March2022 as well,” it mentioned.
The weighted common transacted value of residential properties has grown by 10 per cent year-on-year in March. Sangareddy noticed the very best motion of 30 per cent YoY in March 2022 indicating increased worth merchandise have been bought on this location.
“Price growth in the Hyderabad market has been strong in recent times. With higher value property being sold in March 2022, the weighted average price has shown an uptrend in all micro – markets of Hyderabad,” the report mentioned.
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